5000 bankers given the boot

[eliquant]

Many people will be brought down to earth because of this who is going to mop up these people when their skills are so specialized in banking / finance and that paticular industry is now on the decline.

This is serious because England relies of finance as one of its main service industries.... lets go down the list..

1) Finance and Banking : on the decline

2) I.T. : Offshoring .. Outsourcing abroad means that home grown IT talent has been culled in favour of a foreign workforce.

3) Manufacturing: Non Existant in UK or more like cottage industry now.


I mean what is there left ?!?!?!?!?!??!?!?!?!?!?!?!?!?!

[SandyDown]

I mean what is there left ?!?!?!?!?!??!?!?!?!?!?!?!?!?!

Oil industry

last downturn telecoms/mobile industry were the first fall.

[eliquant]

oh yeah long live BP and British Gas ! saviour of the economy !

Energy trading is the future !

(*somewhere in a small Lancashire town an old lady dies of the cold because no one cares about her).

[SandyDown]

oh yeah long live BP and British Gas ! saviour of the economy !

Energy trading is the future !

(*somewhere in a small Lancashire town an old lady dies of the cold because no one cares about her).

BP?? BG?? be srious, amd talking serious Oil exploration companies...

why not donate some of your daily rate to that old lady, you could be the one who cares and save her life !!!

[BrilloPad]

Many people will be brought down to earth because of this who is going to mop up these people when their skills are so specialized in banking / finance and that paticular industry is now on the decline.

This is serious because England relies of finance as one of its main service industries.... lets go down the list..

1) Finance and Banking : on the decline

2) I.T. : Offshoring .. Outsourcing abroad means that home grown IT talent has been culled in favour of a foreign workforce.

3) Manufacturing: Non Existant in UK or more like cottage industry now.


I mean what is there left ?!?!?!?!?!??!?!?!?!?!?!?!?!?!

What a ridiculous post! I think you are missing the invaluable contribution that management consultants provide! doh!

Where would the NHS be without them?

HTH

[eliquant]

What a ridiculous post! I think you are missing the invaluable contribution that management consultants provide! doh!

Where would the NHS be without them?

HTH

ah yes the bulltulipahs ! 1000 pounds per day to sack people and highlight inefficiencies within large organisations !

[SandyDown]

Good point, Government IT project started by labor was the savior for many contractors... if I remember rightly the NHS project really did turn things round, and I believe ended the down turn around 2003/2004

[PM-Junkie]

I mean what is there left ?!?!?!?!?!??!?!?!?!?!?!?!?!?!

Politicians & lawyers

[PRC1964]

It's time for all the "Media Studies" graduates to step up and save the economy.

[aceboy]

An interesting thread....it shows how short sighted some people can be.

A recent report showed the City generates 18% of the UK's GDP, yet you are all laughing that it is having problems. and that people are loosing their jobs, 13/14 months the credit crunch started, it took about 8/9 months to start to filter through to the rest of the uk economy, houses have lost value, business have gone under, people have lost their jobs. Now you are all laughing that the city has just had another down turn. This will in turn hit the rest of the UK economy.

Is this what you are really hoping for?

As for the talk of Porsche's remember that th majority of city workers don't get those huge packages. A junior in settlements can get about £30k pa with a bonus of about £2k now while this may sound high, it is worth remembering the cost of living is also very high....so this person doesn't have a job....

I personally don't wish misery / redundancy on anyone...